At what probability of success

Reference no: EM13195340

Erica has her savings in a bank account that pays 4.6% interest per year. She is considering buying stock in a pharmaceuticals company that is developing a cure for cellulite. Her research indicates that she could earn 45% in one year if the cure is successful or lose 63% in one year if it is not. At what probability of success (P) would the pharmaceuticals stock be the better choice?

Reference no: EM13195340

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